Data Virtualization Cloud Market

Data Virtualization Cloud Market Introduction

The Data Virtualization Cloud Market is capturing a valuation of USD 1,139 million in 2023 and is predicted to reach USD 10,778.7 million by 2033. The market is registering a CAGR of 25.2% during the forecast period.

Business resilience and cost optimization have emerged as key influencers of IT investment decisions and virtualized data center architecture in the cloud. Especially, Infrastructure as a service (IaaS) is developed by hybrid data virtualization cloud to enable both.

AI and ML in Data Virtualization Cloud - An Emerging Trend in Data Center Virtualization Cloud Market

Artificial intelligence (AI) will transform the way businesses operate as well as the way people work, which will help to liberate creativity and potential. In addition, AI and machine learning (ML) will increase labor efficiency, and make chatbots smarter and marketing wiser.

However, applying AI to data preparation in data virtualization is still in its early days and is tougher than applying it in more generalized use cases, as training data sets are more restricted. As such, more extensive application of ML to data virtualization in cloud computing is anticipated to emerge in the coming days.

Attributes	Details
Data Virtualization Cloud Market Share (2022)	USD 913.5 million
Data Virtualization Cloud Market Size Value (2023)	USD 1,139 million
Data Virtualization Cloud Market Size Value (2033)	USD 10,778.7 million
Data Virtualization Cloud Market Growth Rate (2023 to 2033)	25.2%

Global Data Virtualization Cloud Market Historical Analysis (2018 to 2022) Vs. Forecast Outlook (2023 to 2033)

As per the earlier reports of FMI, the total valuation of total data virtualization cloud services adopted in the year 2015 was USD 210.5 million. During the following years, from 2015 to 2022, the market registered a CAGR of 22.8% finally culminating at USD 913.5 million.

The pandemic spurred the adoption of cloud solutions with both digital service providers and conventional IT organizations rendering the market a higher CAGR in the post-pandemic period.

Category-wise Insights

Standalone software Data Virtualization Cloud Market Segment Generates More than Half of the Global Revenue

Market Segments by Component	Standalone Software
Value in 2023	USD 569.4 million
CAGR (2023 to 2033)	22.7%

Market Segments by Component	Data Integration Tools
Value in 2023	USD 381.4 million
CAGR (2023 to 2033)	25.9%

Market Segments by Component	Application Tool Solution
Value in 2023	USD 188.2 million
CAGR (2023 to 2033)	30.5%

Standalone software is integral for companies having a strong focus on all specific domains such as HR, or finance. These solutions help leverage every core and more advanced functionality that all domains require making it the leading segment based on component.

Furthermore, the standalone data virtualization cloud market segment is preferred more for staving off the fear of getting lost in additional unnecessary data from other departments.

Business Intelligence Services by Data Virtualization is Evolving the Market

Market Segments by Data Consumer	Business Intelligence Tools
Value in 2023	USD 576.5 million
CAGR (2023 to 2033)	24.1%

Market Segments by Data Consumer	Enterprise Allocation
Value in 2023	USD 262.2 million
CAGR (2023 to 2033)	31.8%

Market Segments by Data Consumer	Mobile and Web Applications
Value in 2023	USD 300.2 million
CAGR (2023 to 2033)	20.6%

With various tech giants and start-ups bringing up business intelligence (BI) tools, BI continues to march into every industry going from ‘nice-to-have’ to ‘absolute-must-have’. A key benefit of data virtualization cloud solutions in BI tools is streamlining of existing business ecosystems.

Shifting to Public Cloud Models offers Enterprises a Way to cut down IT operations Expenses.

Market Segments by Deployment model	Public Cloud Data Virtualization
Value in 2023	USD 600.1 million
CAGR (2023 to 2033)	22.1%

Market Segments by Deployment model	Hybrid Cloud Data Virtualization
Value in 2023	USD 237.1 million
CAGR (2023 to 2033)	25.8%

Market Segments by Deployment model	Private Cloud Data Virtualization
Value in 2023	USD 174.9 million
CAGR (2023 to 2033)	28.8%

Market Segments by Deployment model	Multi-cloud Data Virtualization
Value in 2023	USD 126.9 million
CAGR (2023 to 2033)	31.9%

Among various deployment models, public data virtualization cloud solutions continue to define stakeholders’ bottom lines. According to a survey, 31% of enterprises depend on the public cloud, as relatively cost-effective compared to private and hybrid models.

Subsequently, several small and medium-sized businesses are leveraging public cloud services to outsource certain aspects of cyber security to larger providers with better resources.

Despite carrying the benefit of application portability, the majority of multi-cloud deployment models are highly focused on acquirement, risk mitigation, and functionality compared to portability.

Banking, Financial Services & Insurance Companies Remain the Key End-User for the Market

Market Segments by End-use Industry	BFSI
Value in 2023	USD 336 million
CAGR (2023 to 2033)	22.9%

Market Segments by End-use Industry	IT & Telecom
Value in 2023	USD 241.2 million
CAGR (2023 to 2033)	19.9%

Market Segments by End-use Industry	Retail & e-Commerce
Value in 2023	USD 123.1 million
CAGR (2023 to 2033)	32.6%

Market Segments by End-use Industry	Government and Defence
Value in 2023	USD 149.4 million
CAGR (2023 to 2033)	26.1%

Market Segments by End-use Industry	Healthcare
Value in 2023	USD 151 million
CAGR (2023 to 2033)	30.6%

Market Segments by End-use Industry	Manufacturing
Value in 2023	USD 89.6 million
CAGR (2023 to 2033)	27.7%

Market Segments by End-use Industry	Other End-users
Value in 2023	USD 48.7 million
CAGR (2023 to 2033)	17.6%

Cloud innovation is rapidly becoming a core driver in worldwide digital disruption and is increasingly gaining more persuasiveness with the BFSI industry.

As financial service customers move from on-premise to cloud ecosystems, costs shift from capital expenses (CAPEX) to operational expenses (OPEX) is a general trend. As per a study, moving back-office operations to cloud-based solutions enables financial institutions to attain savings of about 30-40%.

Country-wise Insights

United States based Data Virtualization Cloud Service Giants to Set the Global Trends

North America currently spearheads global data virtualization in the cloud computing market. Over half of the revenue of leading IaaS public cloud services providers such as Microsoft Corporation, and Google LLC comes from the United States.

Regional Markets in America	United States
Market Value (2023)	USD 330.4 million
CAGR (2023 to 2033)	20.9%

Regional Markets in America	Canada
Market Value (2023)	USD 73.7 million
CAGR (2023 to 2033)	24.4%

Regional Markets in America	Brazil
Market Value (2023)	USD 25 million
CAGR (2023 to 2033)	26.5%

Regional Markets in America	Mexico
Market Value (2023)	USD 18.8 million
CAGR (2023 to 2033)	29.5%

Regional Markets in America	Rest of Latin America
Market Value (2023)	USD 8.5 million
CAGR (2023 to 2033)	19.4%

Regional Markets in America	North America
Market Value (2023)	USD 404.1 million
CAGR (2023 to 2033)	21.6%

Regional Markets in America	Latin America
Market Value (2023)	USD 52.3 million
CAGR (2023 to 2033)	26.5%

Such broad factors are projected to drive the data virtualization cloud market in North America. FMI further underlines that the market in the United States is generating revenues nearly 5X compared to that of Canada.

Regulatory Framework for Data Virtualization Cloud Services are Forecasted to Tighten in European Countries

Regional Markets in Europe	Germany
Market Value (2023)	USD 120.4 million
CAGR (2023 to 2033)	19.7%

Regional Markets in Europe	France
Market Value (2023)	USD 37.7 million
CAGR (2023 to 2033)	22.3%

Regional Markets in Europe	Italy
Market Value (2023)	USD 14.5 million
CAGR (2023 to 2033)	24.9%

Regional Markets in Europe	Spain
Market Value (2023)	USD 10.8 million
CAGR (2023 to 2033)	26.7%

Regional Markets in Europe	United Kingdom
Market Value (2023)	USD 41.6 million
CAGR (2023 to 2033)	29.7%

Regional Markets in Europe	Benelux
Market Value (2023)	USD 20.5 million
CAGR (2023 to 2033)	18.4%

Regional Markets in Europe	Russia
Market Value (2023)	USD 26.1 million
CAGR (2023 to 2033)	22.1%

Regional Markets in Europe	Rest of Europe
Market Value (2023)	USD 4.7 million
CAGR (2023 to 2033)	15.5%

Regional Markets in Europe	Europe
Market Value (2023)	USD 276.4 million
CAGR (2023 to 2033)	22.4%

Driven by government regulations, 80% of businesses in the United Kingdom are required to back up their data for a certain period of time. Some European Union (EU) initiatives such as GAIA-X and GDPR, along with the 'cloud tax' in France, are offering huge impetus for European enterprises to store data locally.

Such trends are also likely to propel the adoption of data virtualization cloud solutions in Germany, which holds about 45% of regional market revenue. Apart from Germany, France, and the United Kingdom capture double-digit revenue share in the global market.

Strategic Initiatives by Asian Businesses to Heighten the Demand for Data Virtualization

With technologies contributing significantly to strategic initiatives driving enterprise innovation in the Asia Pacific region, it is emerging as a key market in recent years. Furthermore, with cost-effective synergies among businesses, public cloud services could be key revenue generators of data virtualization cloud market in East Asia.

Regional Markets in Asia Pacific	China
Market Value (2023	USD 147.6 million
CAGR (2023 to 2033)	29.9%

Regional Markets in Asia Pacific	Japan
Market Value (2023	USD 50.6 million
CAGR (2023 to 2033)	27%

Regional Markets in Asia Pacific	South Korea
Market Value (2023	USD 37.4 million
CAGR (2023 to 2033)	23.8%

Regional Markets in Asia Pacific	India
Market Value (2023	USD 49.6 million
CAGR (2023 to 2033)	37.5%

Regional Markets in Asia Pacific	Thailand
Market Value (2023	USD 14.2 million
CAGR (2023 to 2033)	33.3%

Regional Markets in Asia Pacific	Malaysia
Market Value (2023	USD 9.3 million
CAGR (2023 to 2033)	29%

Regional Markets in Asia Pacific	Indonesia
Market Value (2023	USD 17.2 million
CAGR (2023 to 2033)	26.3%

Regional Markets in Asia Pacific	Australia & New Zealand
Market Value (2023	USD 26.2 million
CAGR (2023 to 2033)	30.6%

Regional Markets in Asia Pacific	Rest of South Asia & Pacific
Market Value (2023	USD 13.5 million
CAGR (2023 to 2033)	22.6%

Regional Markets in Asia Pacific	East Asia
Market Value (2023	USD 235.6 million
CAGR (2023 to 2033)	28.4%

Regional Markets in Asia Pacific	South Asia & Pacific
Market Value (2023	USD 130 million
CAGR (2023 to 2033)	32.3%

While China remains a key market, Japan and South Korea collectively account for nearly 40% share. Interestingly, India is the up-and-coming market with a higher demand for data virtualization cloud services owing to its budding services sector.

Middle East & African Countries to Garner Higher Traction by Overseas Market Players

Regional Markets in MEA	GCC Countries
Market Value (2022)	USD 15.6 million
CAGR (2023 to 2033)	29%

Regional Markets in MEA	Türkiye
Market Value (2022)	USD 14.5 million
CAGR (2023 to 2033)	31.7%

Regional Markets in MEA	South Africa
Market Value (2022)	USD 6.3 million
CAGR (2023 to 2033)	35.4%

Regional Markets in MEA	Rest of MEA
Market Value (2022)	USD 4.3 million
CAGR (2023 to 2033)	24.5%

Regional Markets in MEA	Middle East & Africa (MEA)
Market Value (2022)	USD 40.6 million
CAGR (2023 to 2033)	30.6%

In a similar vein, with North America and Europe, the market is anticipated to see explosive growth in MEA, despite lagging in terms of revenue. The hybrid data virtualization cloud market in the Middle East & African countries is expected to be driven majorly by small- and medium-sized enterprises.

Data Center Virtualization Cloud Market Companies and Competitive Intelligence

With the colossal volume of data generated every day, organizations are turning to standalone software data virtualization cloud market and solutions nowadays. As such, in order to reach a larger customer base, service providers are equipping data virtualization cloud solutions with distinct features that effectively serve end-user needs. Some of the remarkable advancements in this context include

• IBM Corporation has made advancements in the new version of Cloud Pak for Data Virtualization. The updated versions provide support for Red Hat OpenShift Container Storage and Red Hat® OpenShift® Container Platform (Version 4.3). It is expected to enable customers to deploy their applications on scalable and secure resources. In addition, Cloud Pak for Data Virtualization features various new services, improved auditing capabilities, and several updates to legacy services.
• Denodo has developed a data virtualization cloud that provides multi-location architecture deployment of its Denodo Platform on public clouds such as Microsoft Azure. Amazon Web Services (AWS) Cloud and Google Cloud Platform (GCP) are some of the other hybrid cloud and private cloud ecosystems. It integrates without compromising security, performance, and governance. The solution has been specially developed to offer location transparency, reducing the cost-intensive movement of data across multi-cloud or hybrid cloud ecosystems.
• Informatica has designed its data virtualization solution - PowerCenter - that focuses on enterprises that need innovative data conversion capabilities. The solution allows customers to test and audit converted data without the need to jot down code. In addition, PowerCenter supports various add-on packages such as B2B Data Exchange, Data Integration Hub, and PowerExchange for Cloud Applications.

Key Companies Profiled in the Market Report

• IBM Corporation
• Denodo Technologies
• Informatica Inc.
• Oracle Corporation, SAP
• Tibco Software
• Microsoft Corporation
• Datometry
• VMware, Inc.

Data Virtualization Cloud Market Report: Scope

• Forecast Period for 2023 to 2033
• Historical Data Available for -2017 to 2022
• Market Analysis - USD Million for value
• Key Regions Covered -North America, Latin America, Europe, South Asia and Pacific, East Asia, and Middle East & Africa (MEA)
• Key Countries Covered -United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, BENELUX, China, Japan, South Korea, India, ASEAN, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, Israel, South Africa
• Key Segments Covered -Component, Data Consumer, Deployment Model, End-use Industry, and Region
• Report Coverage- Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives
• Customization & Pricing - Available upon Request

Key Segments Covered by the Data Virtualization Cloud Industry Analysis Report

By Component:

• Standalone Software
• Data Integration Tools
• Application Tool Solution
• Other Components

By Data Consumer:

• Business Intelligence Tools
• Enterprise Applications
• Mobile and Web Applications
• Other Consumers

By Deployment Model:

• Public Cloud
• Hybrid Cloud
• Private Cloud
• Multi-Cloud

By End-use Industry:

• Banking, Financial Services, and Insurance (BFSI)
• IT and Telecom Industry
• Retail and e-Commerce Industry
• Government and Defense Industry
• Healthcare Industry
• Manufacturing Industry
• Other Industries

By Regional Outlook:

• North America (United States, Canada)
• Latin America (Brazil, Mexico)
• Europe (Germany, United Kingdom, Russia, France, Italy)
• South Asia & Pacific (India, ASEAN, and Oceania)
• East Asia (China, Japan, and South Korea)
• Middle East & Africa (MEA) (Turkey, GCC Countries, and South Africa)

Frequently Asked Questions

How Big is the Data Virtualization Cloud Market?

The market is valued at USD 1,139 million in 2023.

Who are the Key Data Virtualization Cloud Market Players?

IBM Corporation, Denodo, and Informatica are key data virtualization cloud market players.

Which is the Key Segment by Application Type?

BFSI sector is likely to remain prominent through 2033.

How was the Historical Performance of the Market?

The market registered a CAGR of 22.8% from 2018 to 2022.

Which are the Key Asian Countries in the Data Virtualization Cloud Market?

India, Japan, and China dominate the Asian market.